Ka-Ching! posted 3/24/2008 7:48:23 PM | 0 kudos what's this?     report abuse

justsayyeah7

Forgive me, I am borrowing a song title from Shania Twain to name this blog. I hear a lot of complaining lately about the economy and that we will soon be in a recession. I personally don't believe we are headed for a recession but just by me saying it won't change the mind of those who believe we are.

So why are people complaining? Is it because they are afraid that they can not survive a recession?

A lot of people are just plain awful when it comes to money. By a show of hands, how many of you are living from paycheck to paycheck? Ok, you can put your hands down now. That is a lot of you. Isn't it funny that many people who live from paycheck to paycheck are constantly putting themselves in further debt with credit cards purchases.

No one has the patience to wait for something, so they buy it on credit and then take forever to pay it off. The interest alone on these purchases is what does the most damage. So why don't people just wait and save up for something, then pay cash for it? Think of all the money you will save from paying no interest.

We as people need to plan our lives better when it comes to money. Living from paycheck to paycheck is just one moment or event of away of being unable to pay our bills. We buy things we can't afford. We buy SUV's and then turn around and cry bloody murder when it comes to gas prices. NEWSFLASH! Gas prices will always be high, get use to it. And SUV's are never going to get great gas mileage. We buy homes we really can't afford. Just look at the interest some of these people were signing up for who had their homes foreclosed on. Insane! We have children but can't afford healthcare, then want the government to raise taxes on the rich to pay for our children. Maybe we should wait to have children when we are more financially set, then we can afford healthcare. Just a thought. Take it with grain of salt. But until we become more responsible in our spending habits, we will always spend more then we can afford and set ourselves up for trouble. And then those children will suffer from our lack of judgment.

Then there is the unpredictability of a job. Some jobs go overseas, some have cutbacks and slash jobs, some companies go under, some have crooks running them, and there are other reasons for job losses. But no matter what your job is, saving for that rainy day is very important. We know all the jobs are not guaranteed and some of the forementions could happen to our job, so we need to plan for it. That means saving money instead of spending money we don't have.

Bottom line is that until we become more financially responsible, we will always be one step away from money troubles. But with the right planning, money never has to be an issue, it isn't for me and I am not rich. No one wants to be dependant on others to survive. Lets take our lives back and not be at the mercy of the system, now that is real living. I hope no one takes offense, this is just my thought on the matter.

Here is part of the lyrics of the Shania Twain song - Ka Ching!

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